SpaceX has officially priced its long-awaited initial public offering, setting the stage for what could become the biggest stock market debut in history.
The Elon Musk-led company said it has sold 555.6 million shares at $135 each, raising about $75 billion from the offering. At that price, SpaceX would be valued at around $1.77 trillion, placing it among the most valuable public companies in the world.
SpaceX, officially known as Space Exploration Technologies Corp., is expected to begin trading on the Nasdaq stock exchange under the ticker symbol SPCX.
The size of the offering easily surpasses Saudi Aramco’s 2019 IPO, which raised $24.9 billion and previously held the record for the largest public listing. The deal also marks a major moment for Musk, whose personal wealth could rise sharply if SpaceX shares perform strongly after trading begins.
Unlike many traditional IPOs, SpaceX reportedly tested its $135 share price with investors before the formal roadshow. Demand for the shares was said to be strong, with the offering reportedly attracting far more interest than there were shares available.
Underwriters also have the option to sell an additional 83.3 million shares, which could raise another $11 billion if demand remains high.
Despite the excitement, investors will be watching closely to see whether SpaceX can justify its massive valuation over the long term. The company is working on several ambitious projects, including reusable rockets, Starlink satellite internet, and future Mars missions.
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For now, SpaceX’s public listing marks a historic moment for the space industry and gives public market investors direct access to one of the world’s most closely watched private technology companies.
